Superior Plus Corp. (TSE:SPB) Receives C$10.05 Consensus PT from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$10.05.

Several research analysts recently issued reports on SPB shares. Stifel Nicolaus decreased their price target on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Scotiabank lowered their price objective on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. Desjardins cut their target price on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Cibc World Mkts upgraded shares of Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets reduced their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd.

Superior Plus Trading Down 1.9 %

SPB opened at C$6.33 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The stock has a market cap of C$1.57 billion, a PE ratio of -126.60 and a beta of 0.76. The business has a 50 day moving average of C$6.75 and a 200-day moving average of C$7.83.

Superior Plus Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.045 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.84%. Superior Plus’s dividend payout ratio (DPR) is presently -1,440.00%.

Insider Activity at Superior Plus

In other Superior Plus news, Director Patrick Edward Gottschalk purchased 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen acquired 5,000 shares of Superior Plus stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$6.35 per share, with a total value of C$31,750.00. 0.54% of the stock is owned by company insiders.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.